NOT LISTED FOR SALE

318 N Preston St Unit 1 Philadelphia, PA 19104

West Powelton Neighborhood

Estimated Value: $470,000 - $590,000

4 Beds
3 Baths
1,500 Sq Ft
$344/Sq Ft Est. Value

Last Sold July 02, 2021

Last sale price $405,000 $270 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $3,061/month

Highlights

  • New Construction
  • 4-minute walk to 40Th Street
  • More Than Two Accessible Exits
  • Contemporary Architecture
  • Wood Flooring
  • 5-minute walk to Vidas Athletic Complex

About This Home

As of July 2021

LAST UNIT REMAINING IN BRAND NEW 318 N PRESTON! Approved 10-year tax abatement! New construction 4 bedroom / 3 bathroom low maintenance open-floorplan, bright and airy condo centrally located in University City/West Philadelphia. Close to Penn/Drexel and the University of Pennsylvania Hospital. Just 2 blocks from the 40th St SEPTA train station! Big bonus: THIS UNIT HAS A PRIVATE FENCED BACK YARD! Unit 1 is full of designer touches, from acacia hardwood to modern designer light fixtures. This unit includes a chef’s kitchen with, Calacatta Lazza Quartz counters, stainless appliances, including a gas stove, designer tile, soft-close cabinets, large kitchen island and dining nook. Bathrooms feature waterfall showerheads, subway tiles, and slate flooring. The house comes equipped with a Nest thermostat, video doorbell and a laundry room. House is located in UPenn and Drexel’s Employee Down Payment Assistance programs zone and near the safety patrol zone. Come take a tour today! *Selling broker has a financial interest in the property. Property taxes not yet assessed. Square footage estimated, buyer to verify.

Last Agent to Sell the Property

Glen Gomez-Meade

(267) 455-1801 glengomezmeade@gmail.com Real of Pennsylvania Listed on: 03/17/2020

Real of Pennsylvania

Last Buyer's Agent

Joseph Napoletano

(302) 229-9999 joe@joenaphomes.com RE/MAX Elite License #RA-0003091

RE/MAX Elite

Townhouse Details

Home Type

  • Townhome

Year Built

  • Built in 2020 | New Construction

HOA Fees

  • $275 Monthly HOA Fees

Parking

  • On-Street Parking

Home Design

  • Contemporary Architecture
  • Brick Exterior Construction
  • Rubber Roof
  • Vinyl Siding
  • Masonry

Interior Spaces

  • Property has 2 Levels
  • Wood Flooring
  • Finished Basement

Bedrooms and Bathrooms

Accessible Home Design

  • More Than Two Accessible Exits

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater

Community Details

  • $600 Capital Contribution Fee
  • Association fees include common area maintenance, water, insurance, sewer
  • 318 N Preston St Condo Association
  • University City Subdivision

Townhouse Details

Home Type

Townhome

Year Built

Built in 2020 | New Construction

Lot Details

0

HOA Fees

$275 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Contemporary
  • Accessibility Features: 2+ Access Exits
  • Ownership: Condominium
  • Inclusions: All appliances, builder warranty, approved 10-year tax abatement
  • New Construction: Yes
  • Story List: Lower 1, Main
  • Year Built: 2020
  • Special Features: 4098
  • Property Sub Type: Townhouses

Interior Features

  • Flooring Type: Hardwood
  • Fireplace: No
  • Levels Count: 2
  • Room List: Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 1, Bathroom 1, Bathroom 2, Bathroom 3
  • Basement: Yes
  • Basement Type: Fully Finished
  • Total Sq Ft: 1500
  • Living Area Sq Ft: 1500
  • Price Per Sq Ft: 518.75
  • Above Grade Finished Sq Ft: 800
  • Below Grade Finished Sq Ft: 700
  • Total Below Grade Sq Ft: 700
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 1
  • All Lower Level Bedrooms: 3
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Main Level Bathrooms: 1.00
  • Lower Levels Bathrooms: 2
  • Lower Levels Bathrooms: 2.00
  • Main Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick Veneer, Combination, Masonry, Vinyl Siding
  • Construction Completed: Yes
  • Roof: Rubber
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 275.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Water, Insurance, Sewer
  • HOA Name: 318 N PRESTON ST CONDO ASSOCIATION
  • HOA: No
  • Senior Community: No

Fee Information

  • Capital Contribution Fee: 600.00

Schools

  • School District Source: 3rd Party

Lot Info

  • Land Assessed Value: 54900.00
  • Zoning: RSA 5

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 54900.00
  • Assessor Parcel Number: NO TAX RECORD
  • Tax Year: 2019

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 17, 2020
Closed on
Jul 2, 2021
Sold by
Bmr Development Llc
Bought by
Kim Jungkyung and Mansingh Abhimanyo
Seller's Agent
Glen Gomez-Meade
Real of Pennsylvania
Buyer's Agent
Joseph Napoletano
RE/MAX Elite
List Price
$429,000
Sold Price
$405,000
Premium/Discount to List
-$24,000
-5.59%
Current Estimated Value
$516,688

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$111,688
Avg. Annual Appreciation
5.77%
Original Mortgage
$368,600
Outstanding Balance
$333,521
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$183,167
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Kim Jungkyung $405,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kim Jungkyung $368,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/02/2021 07/02/21 Sold $405,000 -2.4% $270 / Sq Ft
03/31/2021 03/31/21 Price Changed $415,000 -3.3% $277 / Sq Ft
02/13/2021 02/13/21 For Sale $429,000 0.0% $286 / Sq Ft
02/01/2021 02/01/21 Pending -- -- --
11/12/2020 11/12/20 Price Changed $429,000 -2.3% $286 / Sq Ft
09/30/2020 09/30/20 Price Changed $439,000 -2.2% $293 / Sq Ft
08/01/2020 08/01/20 Price Changed $449,000 -5.5% $299 / Sq Ft
07/17/2020 07/17/20 Price Changed $475,000 -2.1% $317 / Sq Ft
06/19/2020 06/19/20 Price Changed $485,000 -0.8% $323 / Sq Ft
03/17/2020 03/17/20 For Sale $489,000 -- $326 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $810 $405,400 $60,700 $344,700
2025 $810 $405,400 $60,700 $344,700
2024 $810 $405,400 $60,700 $344,700
2023 $810 $386,100 $57,900 $328,200
2022 $811 $57,900 $57,900 $0
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2021

    Glen Gomez-Meade

    Real of Pennsylvania

    Section Image
  • Joseph Napoletano

    Buyer's Agent in 2021

    Joseph Napoletano

    RE/MAX

    (302) 229-9999

    1 in this area

    61 Total Sales

    Joseph Napoletano
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: PAPH884110

Bright MLS

APN: 888066000

Pennsylvania Philadelphia County Philadelphia 19104 West Powelton

318 N Preston St Unit 1, Philadelphia, PA

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